Apple Stores Packed Over Holiday Weekend: Your Twitter Pictures
NEW YORK (TheStreet) -- Why am I beating Apple's (AAPL) drum so Max Weinberg-like lately?
I can only assume most readers see the picture clearly. However, a few have objected.
For the thorough treatment, see:
- Apple Selloff: About a Year Too Soon
Wall Street Analysts Are Screwing You On Apple
Apple Analysts Should Be Ashamed of Themselves This Morning
Apple: The Biggest Stock Market Tragedy of 2012
In these stories and others, I weave a straightforward narrative: It's perfectly logical to express long-term AAPL concerns -- I have been doing so since Steve Jobs passed away -- however, mindless emotion from analysts and the media is driving the recent bearishness and the stock's fascinating decline.
I refuse to fall in line with the rest of the media, the analyst crowd and general market psyche and push a flawed story. I would rather end up wrong than blindly accept a sentiment in which I do not believe. Every once in a while, the old Peter Lynch-style of investing sings. That doesn't mean you should run out and buy AAPL. That's a personal decision no one else can make for you. In a perfect world, when (or should I say "if?") Apple crushes holiday-quarter earnings in January, this thing leaves its all-time high in the dust. Some sanity returns to an irrational and dysfunctional market. But the world's not perfect. And, for as "on point" as I think I am, I could still end up "right" and "wrong" at the same time. As in, Apple crushes it, but the stock does not respond. So, take this for what it's worth: A logical and (I can't believe I'm saying this) contrarian (!) argument on Apple that, ultimately, sheds light on a bigger problem. That bigger problem being a market that can look at a clearly dominant company across several spaces, particularly retail, and pump long-term concerns prematurely, as iPads and iPhones fly off of shelves. Anecdote adds up sometimes. It might not mean much to the market, but I think it will. Reality will win out over errant and clueless downgrades from firms such as Citi. On Twitter, I called for on-the-ground reports from Apple Stores and, man, the people responded. Here are just a few shots snapped over the course of the last 24-48 hours. If you think this doesn't mean a thing, go head and take your chances. Put on an AAPL short and don't close it out for a profitable trade. Keep it alive through January.Select the service that is right for you!
COMPARE ALL SERVICESAction Alerts PLUS
TRY IT FREEJim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
Product Features:
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Dividend Stock Advisor
TRY IT FREENew! $49.95/yr
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
Product Features:
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Stocks Under $10
TRY IT FREEDavid Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.
Product Features:
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts
- Weekly roundups
Real Money
TRY IT FREE24/7 market commentary from Jim Cramer and 20+ veteran Wall Street gurus. Get access to the latest trading ideas on stocks, options, and ETFs as well as a real-time forum to see the pros exchanging their investment ideas.
Product Features:
- Jim Cramer + 20 Wall Street pros
- Intraday commentary & news
- Real-time trading forum
- Actionable trade ideas
Real Money Pro
TRY IT FREEAll of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
Product Features:
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Options Profits
TRY IT FREEOur options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
Product Features:
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV